[IMGCAP(1)]The pressures of shifting global markets, more demanding disclosure requirements and the need for immediate visibility into cash taxes have converged to put more pressure on corporate taxation than ever before. Business leaders, auditors and investors alike are probing for additional transparency into tax numbers. As a result, overworked tax departments are seeing the complexity and volume of their work expand rapidly.
In too many cases, tax teams under pressure to perform new duties using finite resources will hastily adapt a new technology to meet a short-term need. The result? A patch-work approach to tax technology that often leads to underutilization of expensive software licenses, and a general tendency toward inefficient or ineffective technology solutions.
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